ADAICT Perspective (Smart Money Concepts)
1. Liquidity Zones & Smart Money Manipulation:
The "stopped" level (~$0.5960) could indicate a liquidity grab (Stop Hunt), where smart money clears weak hands before a potential rally.
Price might have swept sell-side liquidity before shifting structure.
2. Premium & Discount Pricing:
The current price (~$0.66) is near the discount zone of the overall bullish range.
Smart money could be accumulating positions before pushing price toward the glitch target (~$2.4685).
3. Order Blocks & Imbalances:
There is a fair value gap (FVG) in the price action near $2.46.
If the market seeks to rebalance inefficiencies, price could rally toward this level.
4. Market Structure Shift (MSS):
A break in structure (BOS) above recent highs would confirm bullish continuation.
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Elliott Wave Perspective
1. Wave Count Possibility:
Price appears to be starting a new impulse wave (Wave 1) after a major correction.
The previous decline likely formed an ABC correction.
2. Projected Wave Structure:
Wave 1: The initial bullish push from lows.
Wave 2: A corrective retracement (possibly the recent "stopped" area).
Wave 3: The strongest wave, targeting the glitch level (~$2.46).
Wave 4: A minor pullback.
Wave 5: Potential push toward $3.09+.
3. Confluence with ICT:
If smart money is accumulating, Wave 3 could align with an explosive bullish move.
The glitch target at $2.46 could be the Wave 3 peak before correction.
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Conclusion
The $0.5960 - $0.66 zone could be a smart money accumulation area.
A bullish move toward $2.46 - $3.09 aligns with Wave 3 completion.
Watch for liquidity grabs, order blocks, and BOS confirmations for entry validation.
